Adams Industries holds 40,000 shares of FedEx common stock. On December 31, 2015, and December 31, 2016, the market value of the stock is $95 and $100 per share, respectively. What is the appropriate reporting category for this investment and at what amount will it be reported in the 2016 balance sheet?

Q: Ecker Company reports $1,825,000 of net income for 2017 and declares $255,500 of cash dividends on…

A: Formula: Net income available to common stockholders=Net income for the year-Dividends on preferred…

Q: (b) During the year 2017, Nestle Corp. sold 2,000 shares of Polland Co. for P114,600 and purchased…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: On December 31, 2015, Raja Corporation's balance sheet reported the following: The following…

A: Treasury stock: Shares that are bought back by the company from the open market but not retired from…

Q: Below is pertinent information regarding SM Investments Corporation (SM). If you were an Investment…

A: To Find: Target price of 2016 & 2017

Q: Prepare the journal entries for each of the above transactions (see attached picture)

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: (Post-Balance-Sheet Events) At December 31, 2017, Coburn Corp. has assets of $10,000,000,…

A: Financial Statements: Financial statements are condensed summary of transactions communicated in the…

Q: Using ratios to evaluate a stock investment Comparative financial statement data of Garfield Inc.…

A: Ratio analysis refers to the analysis of the company by computing the various ratios like current…

Q: On January 1, 2016, Wade Corporation had 24,000 shares of common stock outstanding. On April 1, it…

A: Common shares are issued by the company to fulfil its capital requirements. The common shareholders…

Q: Cambridge Corp. has a single class of shares. As its year ended December 31, 2015, the company had…

A: The journal entry can be defined as the process of recording business transactions in the accounting…

Q: On September 3, 2021, Liberty Bank purchased 14,000 shares of eBay stock for $77 per share and…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Notes relating to the above Statements (pictures): i. The market value of the shares of the…

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: Kinley Inc. provides the following information for the year 2016: Net Income…

A: Earnings per share is the per share amount earned by the common shares of the entity. It is…

Q: amarisk, Inc. had the following equity investment portfolio at January 1, 2020. Evers Company   950…

A: Journal Entry: It is the entry  which is used by an enterprise to  record  the business transactions…

Q: On June 30, 2015, Gell-O Corp paid USD48 per share for 50,000 shares, representing a 25% ownership…

A: Since Gell-O Corp acquired 25%, ownership interest in Migs Company, it will be treated as investment…

Q: Oriole Company had net income for 2021 of $603000. The average number of shares outstanding for the…

A: The corporation used to identify diluted EPS for evaluating the per share earnings if the…

Q: The following information is extracted from the forecasted balance sheet and income statement of…

A: (a) Calculation free cash flow for both the companies for the years 2021 to 2023.…

Q: Listed here are data for five companies. These data are for the companies' 2019 fiscal years. The…

A: EPS = Net Earnings / Shares OutstandingP/E Ratio = Share Price / EPSBV Per Share = Stockholders…

Q: Instrument Corporation has the following investment which was held throughout 2021–2022. Assume the…

A: Investment in Equity A company's investment in the company stock of another business is referred to…

Q: sing the Balance Sheet of Al Salam Firm for the years of 2017. Required: Using Common…

A: Common Size Balance Sheet method: This method allows users to identify each line item in balance…

Q: Gorgeous Enterprise Limited is a listed company on the Jamaica Stock Exchange. Its market…

A: The earnings per share (EPS) and dividend per share (DPS)can be computed by using following formula:

Q: classified as trading investment. During the year, the entity sold 20,00 share. On December 31,…

A: Solution: During 2013, G Company Purchased 80,000 shares @ P60 per Share. therefore,  Total Cost…

Q: Company R pays $170,000 for a 30% interest in Company E on January 1, 2015. Company E’s total…

A: Business combination:   Business combination refers to the combining of one or more business…

Q: Company E reports net income of $100,000 for 2015. Assume the income is earned evenly throughout the…

A: Business combination:   Business combination refers to the combining of one or more business…

Q: The market capitalization of Abutia Plc as at 31 December 2018 was GHC21 million. The stated capital…

A: Price Earning Ratio refers to a financial ratio that is being used in order to value a stock and…

Q: At December 31, 2016, McKinley’s price-earnings ratio was 13.4. For 2016, McKinley’s net income was…

A: P/E Ratio - It is the ratio that is calculated to compute the market value of the shares in…

Q: Smith Corporation is reviewing the following transactions for its year-ended December 31, 2015. For…

A: Name of the Account: Dividends Payable and Paid in Capital , Since dividends are deducted from…

Q: Suppose that for 2010 Aquarius company's current assets totaled $60,000; total assets totaled…

A: Step 1:Calculation of Debt-to-Equity Ratio for Aquarius in 2010:Formula : Debt-to-Equity Ratio =…

Q: Following is a portion of the investments footnote from Redfield Inc.'s 2017 annual report. (in…

A: Trading securities:These are short-term investments in debt and equity securities with an intention…

Q: Asian bank acquired the following portfolio equity securities to other comprehensive income during…

A: Available for Sale Security: These are held-for-trading securities  that is being  purchased and…

Q: Harrison Company owns 20,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During…

A: Step 1: Introduction to the Equity Method:The equity method of accounting is used to account for the…

Q: At December 31, 2016, the financial statements of Hollingsworth Industries included the following:…

A:

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.